Georgia Governor Addresses IRC Conformity

Georgia Gov. Nathan Deal updated the bill to amend the Georgia tax code to include the house Internal Revenue Code (IRC) conformity bill. The tax bill, H.B. 918, would also:

make income tax rate changes;

double the standard deduction; and

eliminate sales tax on jet fuel.

Making Georgia IRC Conformity a Priority

As a result of the governor’s changes, Georgia’s corporate and personal income tax IRC conformity date would be January 1, 2018, with certain exceptions.

Lowering Income Tax Rates

The bill also lowers income tax rates for businesses and individuals from 6% to 5.75%, effective January 1, 2019. In addition, the rate would decrease to 5.5% on January 1, 2020, if the General Assembly and governor approve the additional increase.